FAR 2.20% 46.5¢ far limited

Ann: Notice of Meeting, Performance Rights Plan and rights issue-FAR.AX, page-77

  1. 234 Posts.
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    There is such overwhelming concern amongst we retail holders regarding the management "greed grab" proposal that the standing of the company in the investment community will be tarnished severely. Potential investors will be wary of future commitment. Selective executive rewards for no special reason other than selfish opportunism go against the supposedly sacred mantra of working for the benefit of all shareholders. Despite the extraordinary negativity manifest in these posts, it will only have impact if the institutional holders also show their displeasure with a NO vote. Knowing how they all P in each others pockets, it may be wishful thinking to expect that our concerns will be effective. Any immediate direct impact will be a reluctance to invest further in FAR holding back the share price at a time when it should be showing exuberance. The issue for us now, is how best can we execute a change of heart in the board to either change the terms of the options or cancel the proposal entirely.
 
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